Despite a 3.7% decline, Bitcoin is set to finish September with a nearly 7% return, marking its best monthly performance since 2013, showcasing its resilience.
The recent plunge in cryptocurrency prices has been severe, especially among major altcoins like XRP, ADA, DOT, and LINK, each experiencing declines of over 5%.
Charlie Morris of ByteTree questioned whether the optimism surrounding October could disrupt the current trend, highlighting the volatile nature of market expectations.
While cryptocurrencies faced a downturn, traditional markets also struggled, reflecting a broader trend of declining confidence among investors in light of recent economic forecasts.
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